tv The Ed Show MSNBC January 8, 2010 6:00pm-7:00pm EST
here's their tease. edwards pursued an affair with loopy videographer while his wife come busted in rage and self-delusion. and all of that before edwards tried to strike a secret deal with obama. first to be his running mate and then to be attorney general. steve? that's a lot of soap open. >> yeah. and what a complete fraud he was. >> should they have stuck around and i think by the time, if you read the chronology, by the time everybody realized that this was legit, his campaign was going away any way. and the go-between, commissioned
by john edwards, one of the big supporters of edwards, one of the fund-raisers to go talk to obama's people and cut a deal right when it was clear that he wasn't going to win to get a number two ticket like they've had no before. it was all documented. >> it's crazy. we've heard about it for a long time. he is truly delusional to think that he could have brought that kind of baggage and mess to the obama campaign. it's unthinkable that he thought that that was a good possibility for the democratic party, the country, and his family. and he has -- shame knows no bounds. >> the poison pill of the campaign. he got the job of running mate and all of this crap came out about his private life, the whole campaign would have gone down. >> not to mention, all he had to do was say how loyal he was. >> one thing we'll get to, whether he reads anything,
steve, the book is really good. join us again monday night at 5:00 a.m. and 7:00 p.m. eastern. right now it's time for "the ed show" with ed schultz. >> good evening, americans. welcome to "the ed show" tonight and the president, what he plans to do about it, to turn this whole thing around. plus, a conservative think tank and stimulus package is happening. another major terror bust. three graduates of an american high school are accused of plotting to bomb new york city. plus, nor details on how the alleged christmas day terrorist was actually able to get on the plane. plus, lizz win stead in the house. she's got something to say about
michael steele tonight in and in two years, keep it going, jobs were lost last night and the white house says and the right direction, in january of 2009, let's not forget, the last month of the bush administration, the country lost 741,000 jobs and it's working, we just have to be patient. that's not my assessment. it comes from the conservative think tank, the economic outlook report says this. the real economy responded to
massive stimulus and the economy would have contracted the annual rate and only a third, obama a third of the stimulus money has been sent out. it was a two-year plan. now, the republicans just loved to talk about taxes but they don't expect to support a tax cut if it's coming from a democratic president. the republicans don't have any economic ideas or any plans on the table. they are just hoping that president obama fails at every effort and really they are trying to feed the tea party crowds. the latest republican to throw it in with the tea partyiers is
john mccain. here's his new radio ad on the website z perhaps no battle in our lifetime is no more than the one that john mccain has now. and loaded bureaucracies and uni fordable ideas like government health care. >> president obama is leading a crusade to bankrupt america. i stand in his way every day. >> now, keep many mind, in the latest terror poll, the most influential republican in this country is going to lose to barack obama. now, he says that there's no bigger battle or more vital battle than the one against the washington liberals. they are all against the government helping folks out. they think that the government has no place in business. i want to tell you a story
tonight. you may remember, if you watch this show regularly, we had a gentlemen on this show called noll davis. the gear boxes that are made for wind turbines come from where? china. so noll davis wants to get a loan guarantee from the energy department because he wants to manufacturer gear boxes in the state of indiana. the red tape was slow, the bureaucracy was going on. we got the story from the alliance from the manufacturing. we made a few phone calls and guess what, he got his loan guarantee and in indiana, he's going to get his 48 c money and the vella gear systems, ink, is going to get over $11 million in loan guarantee and 250 manufacturing jobs in the state of indiana. now, this is something that the republicans, they don't have a plan, they don't have an effort. we can play a role if we keep
telling the story about who wants to be innovative to create jobs in this country. next we're going to get noll davis on this program. just before he got the loan guarantee. 250 jobs in indiana, manufacturing jobs, that's american steel, that's american made. does that matter anymore? your damn right it does. do you have faith that president obama will turn our economy around in 2010? text a for yes and b for no. i'll jade the poll, i'll bring results later on in the show. austin is the staff director and chief economist on the presidents chief advisory board. these are the kinds of things that have got to happen. this is about government money giving a loan guarantee to a guy
that wants to make something in america. you've got to tip your hat to the obama administration and your economic team for making this thing happen. can you do more of that? >> look, i like that example and we can do more, should do more, and we are doing more and that program that you're describing totally fits with what the president is describing today, that we get the tax creditses in there for clean manufacturerering. if you go back and try to look at the recovery act, there's a big chunk of it that is extended to give loan guarantees and other forms of direct subsidies and support to try to manufacturer clean energy and that's one of the three pillars in what the president wants to be the jobs package that he outlined at the end of last year. you can see the report from today on employment. it's clearly a bump in the road. we need a jobs package as the
president has been saying. we're on the right trend. we're a lot better than we were in january of last year. it's not near far enough. 10% is way too high on unemployment. >> austin, i want to ask you, we've got a lot of terror news, security news out there. you know, if this administration doesn't create jobs, it could be a tough midterm on the political front. but i know that human lives and families is what you guys are focusing on. but how much pressure, how intense is president obama with your economic advisory board? you guyses are calling the shots. you guys are coming to the president with the plan. how intense is it?
we've got to get the jobs going because theaat's a measure of t healthy economy. >> is this really going to take effect between now and next november where we would see some return? >> i certainly think it's got the possibility. what you saw in the recovery act is some of these things go and a seco second medium term wave, it's going to be a big year for that part of the recovery act. what you're seeing with a lot of this clean energy stuff is it's more in that medium term kind of time frame. these critics could work right away. if you know that you're going to get a credit, you know, that could affect your decision today. i mean, if you're thinking, hey, we should do this, we know we'll get the credit to so let's go ahead and do it. >> support the risk takers.
i think you guys are on the right track. >> joining me now is mort, publisher of the new york daily news. is the president -- does he have the road map to get us out of the duldrums? >> i think we're headed in the right direction. but we're going there way too slowly. you'll remember that they predicted that the maximum number of unemployment rate would be 8% and we're well over 10% but that doesn't really capture it, nor do the numbers of unemployment capture what the real problem is. 660,000 people what else account
administration do? what do you think? >> there's very little n. fact, that they can do given the constraints that we have on the deficits in this country and they are real constraints. what we have to do is assume that we're just going sort of stumble flew the next few months. we've got to have a stronger, a much stronger, longer term program in place and ill tell thaw the area where we should focus is the area of our strength and that is high technology. so i would put in the following. at the very least i would change the number of what are called h1n1 visas, technical skills in the hard sciences, those that we send out of the country. roughly half of our graduates are foreign students. we send them out and they join forces that -- >> so you think turning the economy around has a lot to do with the immigration policy in
this country. and intellectual fire power and and for which is highly skilled people, and for the last decade we should not cut off the talent that we need to for another decade. >> we need to bring trust to our borders. >> absolutely. >> mort, great to have you on tonight. >> thanks so much. >> for more, bring in leah lee. what did you think today? did the president hit all of the right notes? >> i think the president is on the right track.
>> we would have seen a much worst job picture. pretty major spending bill back then. when we look at this job number, this is a really serious labor market situation. >> but you only got a third of the stimulus package that's been sent out. it would seem to me that if you step stemmed the tide, and only a third of the money is out there, it would seem to me, and we lost about a million jobs in
the private sector in the last decade. the labor market is growing and they are growing up, graduating from college, and they are not finding jobs. so we have a long stagnation or even a recession if the congress and president and unemployment insurance and more credit to small business. we'd like to see more credits go out there because the small businesses that we're hearing don't have the money that they need to hire people and create jobs. >> we've got to get the credit opened up, thea, no doubt z thank you. coming up, my next guest as challenged the president to a debate any time, anyplace, on terrorism. eric massa has straight talk again for shooter in just a minute. also, rudy giuliani and the beckster. that's in psycho talk tonight.
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welcome back to "the ed show." and in the attempted christmas bay bomb wag ace rained today, he pleaded not guilty. for more on the variety of terror threats that we are facing, let's bring in eric massa of new york. he sits on the homeland security and armed services committee. congressman, good to have you with us. i think the american people basically want to know tonight, are we safer tonight than we were on christmas day? your thoughts. >> well, we certainly are more focused and we have been in an awful long time thanks to the incredible officials in the cia
and other and the postal inspectors. here's the problem that is today. and these professionals, i have ever seen, in my entire adult life and he took full and responsibility to the failures that led to the 25th of december. i cannot believe what i heard him say. let me just read it so i don't get him wrong. we had no domestic attacks under bush. we had one under obama. this is former mayor and what we're seeing, everyone. >> former president dick cheney and his daughter, in some kind of genetic tour receipts, trying
to rewrite american history, saying that somehow none of this happened before i'll debate you anywhere, any time to, bring truth and light to this issue. let the president do his job. >> >> congressman, one letter and a misspelling of this alleged terrorist name and on the visa program allowed him to get on to the plane and he was already classified as a possible terrorist. now, we need to upgrade the hardware, don't we? is that pretty much what we've got to do? this was a systemic failure.
i said that the day it happened. i was very critical of homeland security, i don't know what planet she was on. it's more than just a hardware failure. authorities actually knew that he was a threat to the aircraft while he was in the air and the procedures that are in place that many of us know about and all of us can think about were not incity gated to safely turn that airplane around and to, in fact, inform the crew trained to do this. it's more of that hardware failure. i know on wednesday, tuesday of next week and instead of being focused on what has to be corrected, that's why i'm being very clear about this. >> you are very clear and the
american people appreciate it. and i hope next week when you get back, and this videotape is about as ominous as it gets from the newark airport earlier this week. a lady gets through security and goes over to rope line, lifts it up, and i guess her boyfriend or husband or somebody slips through. they still haven't found this guy, and they go off and he ends up leaving. it was a kiss good-bye on an airplane. i mean, what's your response to that? how are the american people supposed to feel safe or that the tsa is getting the job done, when we have evidence right here, and this is an airplane where the plane took off on september 11th and ended up in the field of pennsylvania? >> the good news, in defense of the tsa in that case s. that the system is in place for people to not only monitor it but to review it. and the review we ares caught the tape. and by the way, you've got to be pretty trained to look at this and actually figure out what is going on. they caught it, shut the airport
down. it cost millions of dollars because all of those airplanes that were supposed to leave couldn't leave. and probably the most basic things, like body scanning technology and others. we're going to put a lot of focus on this and i'm going to stand here and commit to you. coming up, the beckster is talking about race again and america's mayor needs a major history lesson. that's in psycho talk. stay with us. national car rental knows i'm picky.
>> i believe that six days was before the september 11 attack. >> wrong. we all know that it happened three months after 9/11 but rudy is rewriting history and it continued this morning. >> we've had no domestic attacks under bush. we've had one under obama. >> you can't make that the cornerstone of your campaign and then just ignore it when it it's convenient for you to do some fearmongering. that kind of stunt puts you right in psycho talk. the beckster steps up to the
plate. in other words, he just can't keep his race's trap shut. he provided it yesterday on his radio show. >> african-american is a bogus pc made up term. >> yep. >> that's not a race. that is -- your an says industry is from after and now you live in america. >> you are psycho talk of the year and the subject of race clearly is not your strong suit. you may not want to -- you might probably want to stay away from all of that. coming up a. deep throat in the insurance industry. he just gave me an inside look at what back room deals are going on behind the closed doors. joe says stablg will be here to
react to all of that in just a moment. plus, i just can't get over this aig story and i want to know what tim geithner knew and when he knew it. all of that and plus, lizz winstead and stephanie miller coming up in club ed. stay with us. and also helps with lines and wrinkles. not surgery. this is our way to do your eyes. new regenerist anti-aging eye roller. aren't absorbed properly unless taken with food. he recommended citracal. it's different -- it's calcium citrate, so it can be absorbed with or without food. also available in small, easy-to-swallow petites. citracal. over a million people have discovered how easy it is to use legalzoom for important legal documents. at legalzoom we'll help you incorporate your business, file a patent, make a will and more. you can complete our online questions in minutes. then we'll prepare your legal documents
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but republican lawmakers are still attacking this president. they say that they want more tax help for businesses, which is exactly what the president offered today when he announced $2.3 billion in new green manufacturing tax credits. for more, let's go to our panel on this tonight. stephanie miller, talk show host with us tonight and earnest is the former republican congressman and a visiting fellow and a very high rereguard. >> the numbers are the numbers. 741,000 jobs were lost a year ago this month are we headed in the right direction? >> i think you're comparing january and december instead of the same months apart. the problem is, we're still losing job. whether we're losing at the same pace before, president obama said that had the stimulus plan passed, we would gain 7.7 million jobs. >> the question is, are we
headed in the right direction? >> you're still moving in the wrong direction, ed. even if you're not going there as fast, you're going this there in the wrong direction. >> how can you say, that earnest? the numbers don't lie. would you rather have lost 740,000 jobs in the december? >> i would rather have gained jobs, ed. >> i'm sure the president would, too. >> sure. i find it amazing that there isn't a number out there that you would give the president any credit at all. why are the conservatives this way? >> because, ed, we've lost something like 3 million jobs in the last year. president obama claims we would gain millions of jobs under his
plan. >> stephanie, i've failed math, i guess. >> thank god this isn't pass-fail for earnest's sake because, yes, we are heading in the right direction. there's no other way to spin it, ed. you're absolutely right. it's like turning the titanic around what he inherited from george bush. do they really think some republican president, that we were going to turn things around that quickly? you are right. we are absolutely heading in the right direction. >> $2.3 billion in tax credits offered up today in the energy sector. earnest, would you agree that that would be a good thing to do? >> the reason that they are trying to buy jobs with subsidies to businesses rather than letting businesses create
jobs. you could create 100,000 jobs without spending new money if would you just not create these new regulations. >> exactly. he's taking a page right out of the republican play book and going with $2.3 billion in tax credits when it comes to wind production and solar production. >> do you know the cost? >> i know exactly what the cost is and i also know that the republican party will not line up with the president no matter what he does. >> okay. you're saying that you want expensive energy rather than
consumer energy. >> it's clean and we're going to have to pay for it. >> will. >> stephanie, how quickly do you think this can be implemented when it comes to the job numbers? >> maybe i'm in a parallel universe. it's like, yes, this is a good thing and this is creating jobs and it's drk i don't think we know how quickly, but what have the republicans ever done to create jobs? what is giving a tax cut to the top 1% ever done except given us a huge deficit? >> that's about what they have done. great to have you with us tonight. i appreciate it so much. thank you. >> thank you. president obama will meet with union leaders on monday who are not happy about his support for the senate plan they could
wind up getting burned by this tax. nancy pelosi does not want to roll over on this. for more, let me bring in congressman joe sestak. joe, an insider in the insurance industry today told me that behind closed doors in the senate they have protected broker compensation rates and it's not going to be on a federal level but managed on a state level and anti-trust legislation. these are three big victories for the insurance industry. so where is the house, in your opinion, going to stand on this? these are big things when it comes to reeling in costs and keeping down costs. what do you think? >> ed, first off, what you are talking about is when we're not having principle compromise,
we're having compromise of our principles, a special interest in the back door room actually helping to shape the deal. that's exactly what shouldn't have happened awe criticized it so harshly in the last eight years. so what is the house going to do? ms. pelosi is fighting these issues. she said that she wants those anti-trust provisions to get in that bill. and the excise tax, when they implemented that excise tax, or about to, they are not pulling in the cadillac, they are pulling in the chevrolets by 2019 because they indexed it to a wrong inflation rate. we're going to have one-third pay a middle class tax. this has to change. >> i'm also told tonight that there's going to be an effort to
compromise in the democratic camp when it comes to taxing benefits and also an income tax increase. if they raised it dramatically, the amount of the plan that would actually be taxed, and i'm not talking about $23,000 per family, i'm talking those high paid engs executive plans and tie it to the right inflation. >> what is a cadillac plan? >> right now, what they call a cadillac plan f. you're a single person, $8,000, $23,000 for a
family of about 4. >> so that yoir probably going to see some combination of the medicare payroll tax that sir tax on those over the 500,000 and then you're going to see somewhat probably at a much higher level, much higher level of the excise tax. i think that and the reality to you, ed s. where we're going to end up. the bottom line is to stand back. >> that is politically tough for the president because he told union leaders that he would not go after their benefits and tax them. it's going to be -- you know, a hit on middle class families.
we are democrats that should understand that this is about the american family that george bush -- you talked about how many jobs are created. george bush's regime, only 1 million jobs have been created in this whole eight years and then president clinton is 23 million. so we've got to remember that these workers, their medium level of income decreased during the last eight years, $2,000. >> great to have you on tonight. >> thank you for having me, ed. >> coming up, eliot spitzer made a career of locking up boys on wall street. that's next.
it's not too late, the question is, do you have faith president obama can turn economy around in 2010? a for yes and b for no. stay tuned for the answer. he... so you're good to go in the morning. you're late. alka-seltzer brings you back. ( sniffing ) missing something? now at sears optical, get 2 pairs of glasses for $99.99. or take a year to pay. sears optical. don't miss a thing.
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join over a million others who have chosen liberty medical. call now and get your free meter. plus, for a limited time, get a free cookbook when you join. call the number on your screen. in my story tonight, while tim geithner was this charge the new york fed told aig giant to keep quiet about their taxpayer bailout money. that information came to light after e-mails between aig and the fed were made public. now former new york governor
eliot spitzer thinks that there's more skeletons in aig's closets. he's asking for accounting documents and financial models from the last ten years. governor, good to have you with us tonight. this is robert gibbs somewhat defending tim geithner. here it is. >> these decisions did not raise to his level of the fed and these are decisions made by officials at an independent regulatory agency. >> how do you know that he wasn't involved? he was a leader of new york fed -- >> right. but he wasn't on the e-mails that have been talked about and wasn't part of the decision being made. >> you're a prosecutor. the white house is on record
now. this is pretty dangerous territory if they are wrong, isn't it? >> yes, and i'm surprised that he was making defen tif statements about tim geithner's involvement or lack of involvement. and we own the company. taxpayers own the company and what happened and what led to the cat clichl and the new york fed was instrumental in creating the structure that failed. tim geithner was the president of the fed. you go back to who choose him to be there and it was the investment banks that benefited from the bailout. so many questions are there. let's not jump to conclusions. i can tell you, until we get to
every one of those e-mails, we will not know. we own the company, release the e-mails. the congress should be demanding this right now. how should disclosure at the new york fed. >> he should be saying, we believe in transparency. we call it an open source and let journalists and investigative reporters, people parse through -- there's no reason to protect it, none whatsoever. it's our tax dollars that paid the bonuses and bailed out goldman sachs. the counterparty payments unbelievable improper wrong decisions most of us believe,
explain why they were made and let's see what the communications were and when did goldman understand that aig was going down, who knew what? from bernanke to these questions must be answered. >> the house over sight committee is going to get into this. where is the potential criminal activity here? i don't want to go too far with this here. where there is smoke, there is fire. where would the potential -- >> there's so many potential areas of criminal tea. the first area that i would look at is to see when did the counterparties know that there was insufficient collateral and what did they then do with that information and what did the folks at aig realize when they had no collateral, incapable of making these payments due. did they defraud people when they sold the bad instruments? did they lie to the public or
make misleading statements to regulators? every one of those dynamics is fraught with the risk of danger and that's why we fleed to trap the information, see who knew what when and said what when in that chain of information flow. >> obviously if you get the e-mails saying about who knew what and when? i mean and regulators and i find that hard to believe. >> here's the other thing, when tim geithner said, i have never been a regulator, when i heard him say that, this guy didn't understand what his job was. he was the chief regulator of wall street and yet completely disavowed any regulatory capacity or obligation that is when we knew the fundamental is
what led him to the cat clichl. >> this is what we do not need. thank you, eliot. >> thank you. have a good weekend. >> you bet. coming up, michael steele has passed a good one on his own party and they might just kick him to the curb. lizz winstead will help the republicans find the funny side of this one. on "the ed show" stay with us. next. national car rental knows i'm picky.
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it's friday and time for club ed. lizz winstead is behind wake up world. how are you doing, lizz? >> ed, i'm good but i'm sort of conflicted about how i feel about you not running for senate. >> i'm not running for senate. don't get me -- you know what? i think i would -- well, do you think i would have been a good senator? what do you think? >> i do think you would have been a good senator. well, first of all, i'm like, what am i going to do on fridays and then i was like, i think it would have been great and i think i maybe would have had to come and work on your campaign because i would have begged you to kick off your campaign at the lawrence welk campaign. i would have begged. >> did you actually grow up in this weather? >> i did grow up in this